Tax benefits under Decree 29-89 (Maquila Law)
- The legal framework for foreign investment
- The decrees that create the incentives
- not audited
Decree 29-89 (1989), the Law for the Promotion and Development of Export and Maquila Activity, grants full exemption from corporate income tax (ISR) for 10 years on income from the qualified activity, and suspension of duties and VAT (IVA) on machinery, equipment and raw materials under the temporary admission regime, with a re-export deadline of 1 year. Qualification is granted by the Ministry of the Economy (MINECO) by resolution. Since the Decree 19-2016 reform the benefits have been confined to apparel and textiles, call/contact centers and software development. The detail of the benefits comes from a private firm's guide (2026) and must be checked article by article against the consolidated text published by FUNDESA and SICE/OAS. The actual costs and timelines for qualification before MINECO were not found in consolidated form.
The research is written in English; quoted figures, source names and the titles of legal instruments stay in the language their source published them in.
Figures
- Income-tax exemption under 29-89
- 10 years
- Re-export deadline under temporary admission
- 1 year
Caveat
Sources
Related records
This layer is research: read from public sources by the archive's own team, every claim cited with the date it was consulted, and audited where it is marked so. It has not entered the verified store — no figure here was fetched back from its source or stamped with a retrieval time — so it wears no red provenance numeral and never mixes with the verified figures.